DEPIN track status and development forecast

Author: HTX Research

Introduction: DEPIN – – Current Status and Outlook

The decentralized physical infrastructure network (DEPIN) is reshaping the blockchain field through its innovation and utilization of existing infrastructure and a data -centric business model.DEPIN surpasses the traditional IoT framework and stands out with its decentralized efficiency and cost benefits.

This report explores the rapidly developing DEPIN field, especially in the Solana network. The network is known for its solid infrastructure and innovative applications.The DEPIN project is preferred to consider actual profitability instead of investor finance, and has played a key role in integrating technologies such as increasing privacy, zero -knowledge certification, and artificial intelligence.The strategic combination of DEPIN and other ecosystems is positioned to transform the economic system through data integrity and scalable solutions.

As a leading platform for DEPIN, Solana embodies the integration of high -performance blockchain technology and physical networks, promised to bring significant economic returns, and create a new way of integrating technology and practical application.

in conclusion

• Although DEPIN is called decentralized physical infrastructure network, the core business growth logic is not the hardware itself, but how to make more effective use of data, whether it is data storage, data transmission, data sharing, or data use.

• DEPIN does not need to target the traditional IoT. When thinking, it is not necessary to divide Web2 or web3. As long as it can use data more and more efficiently, and to do economic allocation more effectively, it is good things.

• The development of DEPIN will combine the blockchain to solve the problem of data credibility. At the same time, it will launch a large -scale agreement along the Internet of Things, creators and people, people, and machines, and the infinite network between machines and machines.

• When inspecting the DEPIN project, you should even abandon speculation or financial attributes. These are more suitable for Defi, Meme, BRC20 and so on.Examine DEPIN should pay attention to the real profitability of the project itself.

• The short -term depin circuit is worthy of attention to the combination of other ecology, including DEPIN X Privacy, DEPIN X GAMING, DEPIN X ZK, DEPIN X AI.Economy), sharing economy, credible data.

• Solana Network has become the first blockchain deployed by the DEPIN project. Solana DEPIN represents a market value of more than $ 10 billion and $ 4 billion.

The advantages of Solana’s development in DEPIN are:

• Performance advantages superimposed technology upgrade

• Powerful Token standard and ecosystem

• Expense advantage

• Concentration of liquidity, strong ecological combination, unified community

• The developer community is active, innovative projects and new concept layers are endless

What is depin

The research report released by MESSARI in early 2023 officially proposed the concept of DEPIN (Decentralized Physical Infrastic Networks, that is, decentralized physical infrastructure network), which defined it as “using the encrypted economic agreement to deploy the real world of the real world.Infrastructure and hardware network.In short, DEPIN has promoted participants to jointly build a physical infrastructure network through a blockchain -based tokens.

In addition to the evolution of nouns, the project “using the encrypted economic agreement to deploy the physical infrastructure and hardware network of real world” has actually existed for a long time.For example, the decentralized network Helium was established in 2013, and the decentralized storage StorJ was established in 2014. These teams spontaneously explored how to build a physical infrastructure network in the field of communication, storage and other fields.Subsequently, the Internet, artificial intelligence, energy, data collection and other fields gradually joined. Although there are differences in the segmentation fields, the core logic is consistent, and the DEPIN track of today’s prosperity is formed.

DEPIN circuit overall

DEPIN sector combing

根据Messari 和Depin.Ninjia数据，2023 年DePIN 生态系统已发展到超过650 个项目，市值$35B ，涵盖了六个子产业：计算（250 个）、人工智慧（200 个）、无线（100 个）、Sensor (50), energy (50) and services (25).MESSARI has predicted that the total potential market size of the DEPIN sector is about $ 2.2 trillion, and it may reach 3.5 trillion US dollars by 2028.

According to CMC data, a total of 60 coin -issued projects have been issued for issuing coins, with a market value of 1.33 billion US dollars.At present, the top 100 DEPIN projects in the market value include Fil, RNDR, HNT, theta, BTT, AKT and AR.Other tracks in other tracks include IoTX, ANKR, and AI related to TAO.Judging from the current market value ranking in the field of Depin, most of them belong to the field of AI, Storage and Computing.DEPIN currently accounts for the entire Crypto market. It is very small, lower than Meme, Defi, NFT and other sectors.If there are 21 millions of projects in the traditional IoT industry, there are only 4 billion projects in the market value, and only 4 billion projects have only 4.

If it is specified according to this data, then the potential profit expectations of DEPIN DEPIN is about 243 times in the short period of time, while the medium and long -term profit expectations exceed 400 times.

DEPIN project sector disassembly

Here is a reference to the disassembly method of IOTEX. The overall is divided into two parts: software-hardware.

There are two major sections, sensors and wireless networks, and the software parts include: counting, storage, network distribution, and artificial intelligence.

DEPIN circuit branches

Although the DEPIN project is called -decentralized physical infrastructure network, all core business logic is about how to get value from the data.

• Sensor -Responsible for data collection

• Wireless network and network distribution -responsible for data transmission

• Calculation plate -responsible data calculation

• Storage sector -responsible data storage

• Artificial Intelligence -Responsible for data application,

Therefore, the DEPIN project itself starts with hardware, but the real development is how to apply good data, which is the same as the development model of the traditional Internet economy.

When evaluating the prospects of a DEPIN project, think from the perspective of data. Whoever uses the data and who master the data is a good project.

Put aside the speculative part of Crypto and return to the pragmatic value.

DEPIN investor

As mentioned just now, the DEPIN track has always had investment institutions and entrepreneurs in the layout, but the market environment in early 2023 is not suitable, and the new paradigm about DEPIN is still being explored. Therefore, it rarely launch new DEPINproject.By the end of 2023, whether it was the market environment or the exploration accumulation of entrepreneurs, many projects gradually landed from the initial concept, so they started to launch the market one after another.Innovative and weak markets quickly occupied important positions.

For example, VCs and other VCs such as Multicoin, Borderless, A16Z, HTX Ventures have more layouts in DEPIN, and the items that are invested are very applied and have very weak speculative attributes. Of courseSee, Depin’s project only accounts for a relatively small part.

The figure below supplement the financing situation of the head DEPIN project,

Solana DEPIN Ecological Research

Solana network has become the first blockchain for deployment of the DEPIN project

Solana DEPIN represents a market value of more than $ 10 billion and $ 4 billion.

According to CMC, the Solana DEPIN projects currently ranked among the top 500 in market value include Render Network (RNDR), Helium Network (HNT), Helium Mobile (Mobile); the remaining DEPIN has Helium IoT (IoT), Honey).Recently, the high -heat projects of this track include Solana -related HNT series such as Mobile and IoT, plus GetGrass, which may be about to issue coins, and bandwidth online market projects.

The DEPIN track and Solana network are the result of each other.

The irreplaceability of Mass Adaption, especially DEPIN and Web2 applications.Solana successfully supported Stepn’s needs, which is also a project that web3 really circles.

Solana’s CNFT provides more cost -effective licenses for DEPIN / POPW nodes, which is a common practice.

The migration of the RNDR and Helium project gives the project itself stronger capabilities.For example, this transition to Render brings new capabilities including real -time streaming media, dynamic NFT, and state compression, which significantly improves the performance and scalability of the network, and at the same time opens richer and diverse application scenarios for users.

Projects such as DEPIN are different from high -value DEFI applications, and are closer to the concept of IoT (Internet of Things) such as traditional edge computing. They value stable and low prices. Solana naturally has an advantage in synchronous speed. At the current hottest Helium, the hottest Helium currentlyFor example, the number of IoTs is more than 300,000, and 5G devices also have more than 3,000. Only SOLANA can be satisfied with a large amount of hardware.

DEPIN brings high value to the Solana ecosystem

Projects like Helium have significantly increased the number of active wallets.The HELIUM reports more than 60,000 active wallets participating in the event, such as receiving rewards, pledge, entrustment or destroying Token, and more than 30,000 wallets use other SPL programs, highlighting the impact of Helium on the Solana ecosystem.

From a regulatory perspective, DEPIN shows the practical application of Solana in the eyes of regulators and policy makers, enhancing its legitimacy and brand cognition.

Solana network advantage is more obvious

Performance advantages superimposed technology upgrade

Including high throughput, the official claims that Solana can handle more than 65,000 transactions per second, and the daily operation is also 2500–3000.Other performances include fast transaction confirmation, scalability, and block size.After the Firedancer upgrade in the future, the theory TPS can reach 1 million+, and the daily TPS is estimated to reach 100,000+. This is also the main factor for VISA and DEPIN to choose Solana.

Powerful Token standard and ecosystem

A dynamic ecosystem, which has sufficiently tested DEX and established standards, such as CNFTS (compressed NFTS), PNFTS (programmable NFTS), token extensions, etc., providing the DePin project with development and launching their products on their chain productsBasic components.

Expense advantage

Even after the upgrade of Cancun, Solana is still Layer1 with a lower GAS fee.In the head L2, the DA layer has switched to the main network of Ethereum. The ZKSYNC and StarkNet of ZK RollUp, Optimism, Base of Optimistic Rollup.The GAS cost of the four L2 dropped by 1 order, but it did not switch to Celestia, and the cost did not minimize.

Concentration of liquidity, strong ecological combination, unified community

The ideology between Ethereum and its Layer2 is serious and competes with each other.This is particularly prominent in the Mavericks’ performance, there is not much distinction between technology and ecology, and the effect of wealth is not significant.Universal L2 is not an opponent of a competitive chain such as Solana.

Under the strong promotion of MEME coins recently, the Solana Defi ecosystem also broke out, and TVL also reached 3.3 billion US dollars.This also means that there will be stronger income products and speculative products on Solana, and then superimposed with RWA, AI, and DEPIN projects. The combination of Defi products will be stronger.

The developer community is active, innovative projects and new concept layers are endless

Through the hacking marathon and various incentive measures, Solana has cultivated an active developer community, which provides motivation for the development of its ecosystem.Subsequently appeared TOP projects such as Magic Eden, Stepn, Jito.Even during the bear market, Solana still maintains developer ecological and community activities. Through continuous incentives and hackers, Solana continues to improve infrastructure and stimulates more innovative applications to develop the development of ecosystems.

The wealth -making effect is the best marketing method

Saga’s huge airdrops lead the new ways of encrypted mobile phones, which drives the unity of the Solana ecological community, including Solend, Helius, Chads, and Solcial. It has announced that it provides SAGA 2 owners with airdrops, welfare and gifts.Recently, the MEME coin in the bull market has also achieved a miracle of 3 days of currency.

Ecological development

The Solana DEPIN project is sorted out as shown below:

Solana DEPIN ecological summary:

Leading project: RNDR, Helium

RNDR, a decentralized rendering platform.

Helium Network, wireless network project.Since 2014, it has developed a total of over $ 350M. Investors include A16Z, Germany Telecom, Google, Tiger Global and other well -known funds.Helium moved to the Solana blockchain in April this year.HNT currently ranks 64.

Second step project: Helium series (Mobile and IoT), IO.NET, Nosana

Mobile and IoT belong to the project of the Helium ecosystem.

• IoT: This is the protocol tokens of the Helium IoT network, which is excavated by Lorawan HOTSPOTs through data transmission income and coverage proof.

• Mobile: This is the protocol token of the Helium 5G network, rewarding people who provide 5G wireless coverage and Helium network verification.Mobile currently ranks 166.

IO.NET, through the integration of the GPU network from data centers, encrypted miners, and the establishment of a special project like Render, uses computing power for machine learning applications to position itself as a “GPU polymer”.There is no coin, and Twitter fans are currently 426k.A round A financing reached 30 million US dollars, Hack VC led, and Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, etc. participated.At present, the number of GUP miners has reached more than 50,000.

NoSana, a market that connects the GPU network provided by the user and the market aimed at developing artificial intelligence products.

Potential items: Aleph, Honey, Shadow

Aleph, storage solution, cross -chain database.

HiveMapper (Honey) was launched in November 2022. It is a decentralized global map network. The reward uses the driving recorder to collect a large number of 4K street images through the Drive-to-Earn model.In April 22, the $ 18 million financing was completed, and Multicoin Capital led, and the founders of Solana, former Apple Maps executives, and Helium CEOs participated in the investment.CMC is currently ranked 513.

Shadow, as Filecoin’s competitors, ShDW Drive uses high -efficiency traditions and action computing to reduce the cost of enterprise -level data centers — this technology is called “Dagger”.

DEPIN Future Development Forecast

The DEPIN track requires high infrastructure and needs to meet the requirements of high throughput. Therefore, the DEPIN project will choose to be established on Layer1 with high performance, and even on Layer2 or Layer3.

More project possibilities, such as clean energy infrastructure and virtual power plants: project Daylight and Etheos.

The DEPIN project has transformed into large platforms, such as Helium and Render, so that smaller Depin projects can be developed with them.

DEPIN special chain, we have seen two EVM/Substrate chains specifically targeted at DEPIN, such as PEAQ and IOTEX.In addition, one of the blue -chip DEPIN projects, DIMO, is also using the Polygon CDK to establish their chain, showing the demand for the application chain.

The combined ability of DEPIN and other ecological tracks.This is particularly obvious on Solana.In the future, there will be more combination of DEPIN and Defi to increase income and speculation. The combination of DEPIN and RWA provides solutions for the project’s financing or data or data.

For example, for example,

DEPIN X ZK,

With the continuous development of technology, technologies such as ZK TLS can effectively prove the authenticity of Web2 or Web3 data. Open Web2 data to the WEB3 channel. DEPIN combined with ZK technology, which will give birth to a large waveWeb3 projects should pay attention to this.

For example, Space and time project,

Space and Time is a validable calculation layer that can expand zero knowledge proof on decentralized data warehouses to provide data processing for smart contracts, LLM and enterprises without trust.Space and Time’s indexed blockchain data in the future connects to the linked data set, and the Proof of SQL can ensure that the large -scale calculation of tampering is not manipulated.

Proof of SQL is a new ZK-Proof developed by Space and Time. It allows the data warehouse to generate SNARK cryptographic certification executed by SQL inquiries. The query query calculation is accurately completed, and the query and data are verified tampering.

Developers can connect the indexing chain data and chain data through the project, use SQL to transform data to perform low -delay cache query and large analytical operations, and shape and shape the data as a model specific to your business.API and construction of Dashboard. At the same time, zero -knowledge technology can guarantee that the query results that are tasting will be sent to smart contracts or directly published on the chain.

At present, Space and Time has established indexes for Ethereum, Polygon, SUI, SEI, and Avalanche, and is constantly supporting more chains. At the same time, it has access to ChainLink.

DEPIN X AI,

The development of decentralized physical infrastructure networks may fundamentally change the use of data. For example, if decentralized machine learning, Bittensor is an example.

Bittersor is an open source protocol that supports decentralized, blockchain -based machine learning networks.The machine learning model is conducting in collaboration in TAO, and is rewarded according to the information value provided by them.TAO also allows external access, allows users to extract information from the Internet, and adjust network activities according to their needs.

DEPIN X Privacy,

It has also been emphasized before that although DEPIN is a decentralized physical network, the core is based on the use of data.If in a large -scale decentralized network, protecting the privacy of data will inevitably become a very important issue.Therefore, if DEPIN is destined to develop, then privacy protection is definitely incomparable. Therefore, pay attention to the direction of the combination of Depin and privacy.

DEPIN X GAMING,

The combination of depin and the game can be understood from several aspects,

1. Large -scale decentralized hardware networks may bring a better experience to the game to some extent

2. The concept of reality wearable devices + games + Yuan universe may be hot again

3. Through DEPIN hardware facilities, the incentive mechanism and game experience method of the game itself may be changed